What is the common-size percentage for the net income

Assignment Help Accounting Basics
Reference no: EM13990479

28. Foreign Travel Services has net income of $48.400. total assets of $219,000. total equity of $154800, and total sales of $311,700. What is the common-size percentage for the net income?

A. 9.00 percent
B. 13.90 percent
C. 15.53 percent
D. 22.10 percent
E. 31.27 percent

29. Healthy Foods has total assets of $129,800, net fixed assets of $71,500. long-term debt of $52,000, and total debt of $78,700. If inventory is $31,800, what is the current ratio?

A. 0.33
B. 0.46
C. 0.84
D. 1.18 
E. 2.18

30. A firm has net working capital of $3,800 and current assets of 11,700. What is the current ratio?

A. 0.34
B. 0.60
C. 1.48
D. 1.65
E. 2.92

31. You are analyzing a company that has cash of $11.200, accounts receivable of 527.800. fixed assets of $124,600, accounts payable of $31,300, and inventory of $56,900. What is the quick ratio?

A. 0.30
B. 0.67
C. 0.80
D. 1.25
E. 1.37

32. A firm has total assets of $523.100. current assets of $186,500, current liabilities of $141,000. and total debt of $215,000. What is the debt-equity ratio?

A. 0.48 
B. 0.70 
C. 1.10
D. 1.43
E. 2.13

33. Todd will be receiving a $10,000 bonus one year from now. The process of determining how much that bonus is worth today is called:

A. aggregating.
B. discounting.
C. simplifying.
D. compounding.
E. extrapolating.

Reference no: EM13990479

Questions Cloud

How much does she need to deposit now : Anne wants $15,000 in 5 years. If her savings account earns 6% a year, how much does she need to deposit now? a. $9,725.75 b. $11,208.87 c. $10,500 d. $12,317.51
An investment opportunity having a market price : An investment opportunity having a market price of $1,000,000 is available. You could obtain a $750,000, 25-year mortgage loan requiring equal monthly payments with interest at 7.0 percent.
Makes communications devices for military contracts : An electronics company makes communications devices for military contracts. The company just completed two contracts. The navy contract was for 2,300 devices and took 25 workers two weeks (40 hours per week) to complete. The army contract was for 5,5..
Health care system and absorbs a significant portion : The insurance industry plays a major role in the American health care system and absorbs a significant portion of the health care dollar. A single payer system, whether it is a private company or the U. S. government, would eliminate the complex insu..
What is the common-size percentage for the net income : Foreign Travel Services has net income of $48.400. total assets of $219,000. total equity of $154800, and total sales of $311,700. What is the common-size percentage for the net income? Healthy Foods has total assets of $129,800, net fixed assets of ..
Actual average settlement time : Estimate, with 95% confidence, the actual average settlement time (in days) for claims received by the Explorer Fund only. Interpret the result.
Implemented on an individual and a business scale : Explain, with an example, how eco-efficiency can be implemented on an individual and a business scale.
Calculate the mean poverty rate for gender on pei : The Canadian council of social development (CCSD) has the following poverty information on males and females in PEI, Calculate the mean poverty rate for gender on PEI. Calculate the median poverty rate for gender on PEI
What characteristics make diversity training most effective : Discuss what characteristics make diversity training most effective along with at least three different approaches to diversity training.

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Using correct business memo format

Name them and report the benefits and advantages of doing so. Anticipate any arguments against your idea and counter them in this letter.

  Cash versus accrual method of accounting

How much revenue will Drysdale recognize under the cash method and under the accrual basis? Describe how Drysdale should apply the matching principle to recognize expenses. Prepare an income statement according to the accrual method. Ignore income ta..

  Provide a rationale for your response

Provide a rationale for your response.

  Westan corporation uses a predetermined overhead rate of

westan corporation uses a predetermined overhead rate of 23.40 per direct labor-hour. this predetermined rate was based

  The sales mix percentages for novotnas boston and seattle

the sales mix percentages for novotnas boston and seattle divisions are 70 and 30. the contribution margin ratios are

  Purchased raw materials on account for 140000 both direct

pro inc. had the following activities during its most recent period of operationsa purchased raw materials on account

  Puget world inc manufactures two models of television sets

puget world inc. manufactures two models of television sets the n 800 xl model and the n 500 model. data regarding the

  Jake smith opened his balinese coffee shop business in

jake smith opened his balinese coffee shop business in downtown boise on january 1st 2010. on december 31st 2010 he sat

  What should the unit sales price be

Cara has received a special order from a foreign company for 5,000 units. There is sufficient capacity to fill the order without jeopardizing regular sales. Filling the order will require spending an additional $4,250 for shipping.

  Total required production in units of finished product

Compute the company's total required production in units of finished product for the entire three month period ending September 30.

  A manager believes that the shelf life of apple juice is

a manager believes that the shelf life of apple juice is normally distributed. a sample of 30 containers of juice was

  Iaukea company makes two products from a common input joint

iaukea company makes two products from a common input. joint processing costs up to the split-off point total 48600 a

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd